The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-08-02

which the worms havs proved go destruc.
tive. ~
Thirly.ihrpc missionary societies now
have workers. in Africa. Fheae mission.
arcs are moving toward the centre and
are closing upon tho Blionyholds OF heath.
enism and tho slave trRde. Tho Scripturea
have been translated In whole or In part
In gixls.Bix oil tho dialects Of Africa. The
whole Bible he's been rendered into eleven
langrGses. llg'.5t i5s, (.
a45s WALL STREET POINTERS.
Jay Gould's rhilunthropic opcrations-A
I, Good Time for Little Fellows to Stay Out.
New York Tiats. 81
Theie is only one side 10 the natural sit
uatiop, and the: is upon tho aide Of pros
pesity and hopeiulness. The natural Sit
ustion, though, seems all hidden for the
time by conditions that arc artifcial-con-
ditions that have only senselesa apprehen.
sions 10 create them, and naught but the
urgent cries and wrecking ways OF reck.
less speculators to give them maintenance.
Yet created and msintained they arc. The
past week on the Stock Exchange has
been not much other than one stretch Of
bear iubiees. Prices have melted away
with 10 show Of solidity anywhere; raids
have met almost no resistance; demorali.
cation has Crept into every quarter. Bald
falsehood and malicious iunuendoes serve
as ample weapons when bears are In the
thick Of fight; and cooler heads than
Wall street breeds are needed to detect in
the skurrying tales that raiders tell that
which is false and that which may be true.
a disturbing lie told in mysterious whis.
pers has in ratified stock market more
power q hundred times than an encoursg.
ing truth hurrahed. Wall street dotcs on
distress. Har choicest prophets are those
that tell Of plaques and panics always.
y Tho fact has been chronicled in the
Times local news column Of q eombina.
ton made last Monday made by com.
pany Of operators to Hammer the stock
market mercilessly through the past week.
They formed big money pool to carry
their plans through, and the measure OF
their success has brought them q big eur.
prise and bigger profits. They found the
market apathetic and they made 1t ner.
vous; weak investors and short.waisted
spectators on the bull aide have been
knocked down, stamped on, and stripped.
Mere moralisss, considering the methods
that have brought them Bpoiis, might call
these "operators" robbers; Wall street,
more felicitous Of expression, salutea them
as tinauciers, and uncoyera before their
leadership. i4,.sl
Jay Gould, who every onca in a while
is fondly looked to as coming bnll Moses,
has nslved bull hopes with pretty and
hopeful platitudes abundant. But patting
on the back with one hand doeen't con-
tribute merriment to the twisting OF
knife with the other hand down deep I'M
der the ribs.
Perhaps some light may be thrown on
bis purpose by fact that WAS vaguely
announced in Stock Exchange circles yes.
terday. Gould has just aold big block
Of Missouri Pacific bonds for SlO,000,0OO
in cash, Wa!lstreet houses with European
connections joining in their purchase.
What does he want with 80 much ready
money? That is question enough for
Wall street to debate with lots Of yigor.
But there Ia more in this big bond sale
than shows in this mere statement that
Wall street has heard. MIR. Gould did not
wait for customer; he went hunting for
one; and the syndicate that has agreed TO
hand him these millions Of money did not
bargain with him till he had made i'm.
portant concessions. Only little while
ago he refused bid for these same bonds
at a price considerably above what She
now is gladly 10 accept. Jay Gould wants
money badly when no is willing to paw
go literally Tor it. When a man is smash.
ing stocks away down and raising ayaita.
Bile funds in Jumps Of SIC, 100000 at once,
may there not be fair surmises at some:
thing OF his purpose at least !? A N. Il
( How Multiplication has gone lately nav
be reckoned by the fact that rs stocks on
the Stock Exchange list Show an average
decline OF nearly Is points. During the
pendancy OF the great railroad strikes last
year stock market quotations fell to the
lowest Of the whole year. To-day the
general List is Just sa low. Then there was
rs bear situation throughout the whole
land as pronounced .as to-day the bull
conditions are; and the same men who
are hurrahing bears now were then the
crszless OF bulls. Then bear arguments
hrintled everywhere; now even q pretense
Of such arguments has to be concoctod.
There is stranEeneas IN the spectacle, but
,Wall.stroet philosophy doesn't mind that.
DemoraliEed, leadetless, cowed, bulls are
under cover, and SELLERS are two where
buyers are one. !. S} .55l ~ r.. s
The money scare has been among the
ugliest cudgels used by the bear contin-
gent. All sorts of danger on this account
were heralded. Yet, yesterday, while dc. |
clines were headlong and threats OF a |
panic EthickeBt, money! was freely offered |
at 4 and ! per cent on call, while leading |
lenders had canvassers Tout seeking Gus.
toners for big time loans to run for six
and seven and eight months at 81 and 6 |
per cent. The barest announcement Of |
the Treasury Department ae to what the |
Governments fnancisl1policy is to be |
would scatter hosta Of spectral menaces
attending this question serve
tho raiders we'll and Keeping waiting in. |
vestors in restless tlmidity. 3 'i5ifs
Y The, strongest men in Wall street are
buying atock8 and have been buyino |
!hem,--buying Z heayily-right along |
through every recent stump. Tho raiders
Hho have demoralizsd prices have bsen
out their lieu.enants-7their employees; IN.
Iced, II plain words are more acceptable,
Eheae atrong men buy to make money,
md they II make it. But perhaps thoy
haven't got all they want just yet. This
q an excellent time for short.pursed spec,
llatols to wait. Long purses are quietly,
lot to say slyly, looking out Tor. them
|elvos-aR usual. VI =; ri,
The outfit for q voyage TO Europe is in.
complete without u dozen Skin:succeps